Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

Strategy Briefing

Hi-Tech Goods in Asia Pacific

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Asia Pacific, with a value of USD3.5 trillion, is the largest hi-tech goods producer in the world. The region is also the top exporter of hi-tech goods, accounting for 59% of global trade. Forecasts for the industry remain positive for 2016-2025, but challenges are rising due to weak global consumer products demand and prevalent political uncertainties..

Files are delivered directly into your account within a few minutes of purchase.

Asia Pacific is the leading region in the global hi-tech goods industry, accounting for two thirds of global output. Over 2012-2016, the industry’s performance was mediocre, driven by slowing Western consumer electronics markets and rising political risks. The 2016-2025 period is set to be no different, due to weak global consumer product demand, where only growing developing markets will ensure rising overall production value.

Although decelerating, China is nowhere close to being challenged by emerging rivals

China is expected to remain the world’s factory for hi-tech goods. Despite rising production costs, the country increasingly engages in higher value-added manufacturing, keeping the region’s hi-tech goods industry growing strongly. Moreover, countries like Vietnam and India are starting to take labour-intensive operations away from China, becoming the next electronics assembly hubs.

China is shifting away from low value product assembly. The country is implementing the “Made in China 2025” programme targeted at preparing the manufacturing sector for the Industry 4.0 revolution. The transition is set to increase fabrication of higher value products like electronic components.

Competitive landscape remains fragmented in developing countries

Competitive strength continues shifting to Asia Pacific, together with production growth. Chinese companies, in particular, are expanding strongly both organically and through international acquisitions. In 2017, the number of large hi-tech companies in China surpassed 10,000 for the first time.

Asia Pacific dominates global trade; intra-region ties tighten

Asia Pacific is the only net exporter of hi-tech goods in the world, with a surplus of USD356 billion. China dominates the trading routes, flooding the world with cheap electronics, but the largest intensity in trade is registered inside the region.